2015 was the year that fintech entered the mainstream. With respect to VC funding in particular, over US$13.8 billion was deployed to a wide variety of fintech companies globally, more than double the value of VC investment in fintech in 2014.
One key to fintech’s growing prominence in the VC community is the diversity of interests considered ‘fintech'. Almost every major process within banking and insurance is being targeted by fintech companies globally, either to disrupt the incumbents or, increasingly, to enable them to serve their customers better or reduce costs.
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